Tuesday marks deadline for credit card companies to comply with President Trump's 10% interest rate cap
Tuesday marks the deadline for the credit card industry to comply with President Trump’s self-imposed deadline of a 10% cap on interest rates. Researchers from Vanderbilt found, Americans would save roughly $100 billion in interest each year if rate were capped at the proposed 10%. Though, economists warn that it could cut credit to consumers,
Read MoreDeciding When to Claim Social Security? Statistics Suggest This Is the Best Age.
Few people actually claim benefits at this age.
Deciding when to claim Social Security benefits is an important decision most Americans have to make in the years leading up to retirement. In its simplest form, the decision comes down to whether someone wants smaller monthly payments for a longer period or larger monthly benefits for a shorter period.
HDFC AMC: Leading play on mutual fund resilience story
The markets continue to be in a state of flux as they have been for the past 16 months as US trade tariffs, geopolitical escalations and FPI outflows have prevailed on investor sentiments over revival in domestic demand, healthy GDP growth and low inflation. While large-caps experience periodic slides, the broader markets have taken it on their chin with many pockets in the mid- and small-caps spiralling down.
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Read MoreIs the US economy as hot as Donald Trump thinks?
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Read MoreWow, a Tech ETF Delivered 598% Returns Using A Painfully Simple Strategy
Momentum strategies sound simple: buy what’s working, sell what’s not, and ride the trend until it breaks. But turning that into consistent returns requires a disciplined system for identifying genuine momentum versus temporary spikes. That’s the challenge Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) attempts to solve with its relative strength methodology.
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Read MoreThe Burst
Oh, That Can’t Be Good
Usually, we talk about interesting stocks that may be on the cusp of growing revenues, profits or share price rapidly on a Tuesday but today we’re breaking from our regular programming to flag a major concern that could affect consumers. And because consumer spending is widely regarded to constitute about 70% of GDP, anything that affects it has a material impact on the broader stock market.
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Read MoreThe Ivy
Is The Santa Claus Rally Real?
Every seasoned trader has heard the phrase “Santa Claus Rally,” but very few understand precisely why it happens. Is it random or is there something structural under the surface that repeats like clockwork each year?
Beyond the whimsical idea of holiday cheer spilling over into the markets, there are structural and behavioral dynamics at play that make the final weeks of the year particularly conducive to market gains.
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Read MoreThe Spotlight
150 Year Old Indicator Picks Bear Market Bottom
It’s hard to figure out one golden indicator that could accurately point to when the bear market will bottom. Should you look at Buffett’s favorite indicator tracking Total Market Cap/GDP? Or maybe it’s best to look at the S&P vs the Fed Balance Sheet? What about book values or price-to-earnings ratios for the indices? As you can see,
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